Net vs Gross Pay (CIS)
Difference between total earnings and amount received after deductions.
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Payment and Deduction Statement
Document showing payment breakdown under CIS.
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Payment and Deduction Statement
Statement showing payments made and tax deducted.
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Standard Rate (20%)
20% deduction applied to registered subcontractors.
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Subcontractor
A self-employed worker paid by a contractor for construction work.
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Subcontractor Verification
Process of checking subcontractor status with HMRC.
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Take-Home Pay (CIS)
The actual amount received after CIS deductions.
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UTR (Unique Taxpayer Reference)
A unique 10-digit number used for tax identification.
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Verification Process (CIS)
HMRC process to confirm a subcontractor’s CIS status.
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